Kemper Completes Acquisition of American Accessibility | Business enterprise & Finance

Pursuant to the conditions of the acquisition arrangement dated November 22, 2020, the whole income transaction is valued at approximately $370 million.

“The near of this transaction marks even more enlargement of Kemper’s specialty vehicle franchise,” stated Duane Sanders, President of Kemper’s P&C Division. “AAC delivers amplified achieve and incremental scale with supplemental distribution channels and an expansion of our geographic footprint. We are psyched to welcome the AAC workforce to Kemper, and appear ahead to advancing our emphasis on delivering cost-effective and quick-to-use products and alternatives to underserved markets.”

The Kemper spouse and children of corporations is 1 of the nation’s primary specialized insurers. With $14.3 billion in belongings, Kemper is enhancing the environment of insurance coverage by offering inexpensive and effortless-to-use individualized options to people today, households and firms by way of its Auto, Individual Insurance policy, Daily life and Health and fitness brands. Kemper serves about 6.2 million insurance policies, is represented by extra than 30,000 agents and brokers, and has 9,500 associates focused to assembly the ever-switching desires of its customers.

Caution Relating to Ahead-On the lookout Statements

This push release might contain or integrate by reference data that includes or is primarily based on ahead-hunting statements in the that means of the safe-harbor provisions of the Private Securities Litigation Reform Act of 1995. Ahead-on the lookout statements give anticipations or forecasts of future activities and can be discovered by the reality that they relate to future actions, efficiency or benefits instead than strictly to historical or latest specifics.

Any or all ahead-searching statements might change out to be mistaken, and, accordingly, audience are cautioned not to location undue reliance on these statements, which communicate only as of the day of this push release. Ahead-searching statements contain a selection of dangers and uncertainties that are challenging to predict and are not guarantees of long run effectiveness. Amongst the common aspects that could induce actual effects and fiscal situation to differ materially from estimated final results and money condition are these components mentioned in periodic experiences submitted by Kemper with the Securities and Trade Commission (“SEC”). The COVID-19 outbreak and subsequent worldwide pandemic (“Pandemic”) is an incredible party that makes special uncertainties and risks. Kemper cannot provide any assurances as to the impacts of the Pandemic and connected financial conditions on the Company’s working and financial effects.

No assurances can be offered that the benefits and fiscal problem contemplated in any ahead-wanting statements will be reached or will be realized in any specific timetable. Kemper assumes no obligation to publicly correct or update any forward-looking statements as a consequence of events or developments subsequent to the date of this press launch, which include any these types of statements related to the Pandemic. The reader is encouraged, however, to talk to any more disclosures Kemper tends to make on connected subjects in its filings with the SEC.

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Source: Kemper Corporation

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PUB: 04/01/2021 10:14 AM/DISC: 04/01/2021 10:14 AM